SMT Equipment Market Aims to Expand at Double-Digit Growth Rate By 2027

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The global SMT Equipment market gathered revenue around USD 8.4 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 3.9% during the prediction period 2021 to 2027. The global SMT equipment market is broadly affected by several factors, including low maintenance design that offers longer service life, rise in demand for PCBs in the consumer electronics sector, and demand from medical and defense fields.

Across the globe, various application segments, which include computing, telecommunications, and consumer electronics, are using printed circuit boards, which is a vital component of the universal integrated chip technology present in virtually all electronic devices. Thus, PCB manufacturers are now focusing on installation of SMT equipment in their product line, which is the primary factor anticipated to trigger the demand for SMT equipment during the forecast period from 2021 to 2027. North America and Asia Pacific regions comprise major emerging markets of PCB manufacturers. The U.S, China, Japan, and Taiwan, among others, are the leading contributors to the market in the region. Considering these factors, the demand for SMT equipment is expected to become high (from medium) during the forecast period.

The SMT equipment market is witnessing innovation at an accelerated rate. This innovation is combined with sophistication in technology and shrinking size of electronic gadgets. Companies operating in the SMT equipment market are adopting better innovation strategies to enhance their production due to the rising demand for complex printed circuit boards and assemblies. Surface mount equipment undergo non-stop technical advancements due to increase in demand from worldwide manufacturers, specifically in Asia Pacific and Europe. Improved flexibility, higher software integration, and environment-friendly machineries to restrict production of hazardous substances have become latest trends driving the demand in the market.

Current technology improvements, which are boosting expansion include increased functioning pace, superior component placement capabilities, and enhanced flexibility. However, other important factors influencing the SMT equipment market are a global increase in manufacturing facilities and more easily accessible funding for new SMT equipment. Surface mount technology equipment manufacturers are planning production capacity additions to accommodate the increasing demand from consumer and commercial electronics sectors due to all the factors mentioned above. This is anticipated to trigger the demand for SMT equipment in the market during the forecast period.

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global SMT Equipment Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the SMT Equipment market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The report includes thorough compilation of the quantitative analysis of the industry for the period of 7 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the key segments of the industry. This analysis sheds light in the current trends and opportunities in the global SMT Equipment market.

Highlights of the Report:

In-depth analysis of various insights, namely, SMT Equipment Market trends, growth drivers, opportunities, and other related challenges.

Comprehensive details of key market players, their core competencies, and SMT Equipment Market share.

The potency of suppliers and buyers to make better business decisions.

Lists out the market size in terms of volume.

SMT Equipment Market: Prominent Regions

The U.S. holds leading share of the North America SMT equipment market. The market in the country is expected to expand at a moderate rate during the forecast period. The U.S. has extensive availability of technologically advanced products. The demand for SMT equipment systems in the U.S. is increasing rapidly due to various requirements in different industries. India is projected to be a moderately growing economy in the Asia Pacific region over the next few years. India is focusing considerably on consumer electronics, telecommunication, and aerospace & defense, wherein SMT equipment are used. EU5, which comprises the U.K., Germany, France, Italy, and Spain holds maximum share of the Europe SMT equipment market, owing to the usage of SMT equipment systems in automotive, medical, industrial, and energy & power systems in these countries.

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Competitive Analysis

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global SMT Equipment market are included as given below:

Significant Market Participants Operational in the SMT Equipment Market are:  Cyberoptics Corporation, Nordson Corporation, ASM Assembly Systems GmbH & Co.KG, Mycronic AB, Viscom AG, Fuji Machine Manufacturing Co., Ltd., Hitachi High-Technologies Corporation, Juki Corporation, and Orbotech Ltd.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global SMT Equipment Market: Segmentation

SMT Equipment Market, by Equipment Type

  • Inspection Equipment
  • Placement Equipment
  • Soldering Equipment
  • Screen Printing Equipment
  • Cleaning Equipment
  • Others

SMT Equipment Market, by Component

  • Passive Surface-mount Devices
  • Transistor & Diodes
  • Integrated Circuits

SMT Equipment Market, by Application

  • Consumer Electronics
  • Telecommunication
  • Aerospace & Defense
  • Automotive
  • Medical
  • Industrial
  • Energy & Power Systems

The regional segmentation covers:

-North America Region (U.S., Canada, Mexico)

-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

-South America Region (Brazil, Argentina, Columbia, Rest of South America)

-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

COVID-19 Impact on SMT Equipment Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the SMT Equipment market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the SMT Equipment market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Emerging Nations to Continue Attracting Investments :

The expansion of various industries across India, China, Brazil, and other emerging countries will help the SMT Equipment market flourish. Consistent investment towards industrialization and urbanization, as well as the implementation of policies favouring foreign investment, will continue to be major growth drivers.

Expansion initiatives undertaken by various countries will aid the growth of the SMT Equipment market. Besides, the easy availability of raw materials and labours at a cheaper cost will attract an increasing number of companies within the SMT Equipment market.

Key Points of the Global SMT Equipment Market Report:

The report provides a basic overview of the SMT Equipment industry including its definition, applications, and manufacturing technology.

The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to 2027 year along with the market shares for each company.

Through the statistical analysis, the study depicts the global market for SMT Equipment including capacity, production, production value, cost/profit, and supply/demand from an international perspective.

Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.

The report then estimates the market development and trends of the SMT Equipment industry up to 2027.

The report hints at crucial information associated with new market developments being undertaken in the SMT Equipment industry before evaluating its feasibility.

Reasons to Purchase this Report:

  • Estimates SMT Equipment development trends with SWOT analysis
  • Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
  • Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
  • Market dynamics scenario, along with growth opportunities for players in the years to come
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

Final Report will add the analysis of the impact of COVID-19 on this industry.

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